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Loans (Tables)
 6 Months Ended
Jun. 30, 2017
Receivables [Abstract]  
Loans
Loans are comprised of the following:
(in 000's)
June 30, 2017

 
December 31, 2016

Commercial and Business Loans
$
51,078

 
$
47,464

Government Program Loans
1,393

 
1,541

Total Commercial and Industrial
52,471

 
49,005

Real Estate – Mortgage:
 

 
 

Commercial Real Estate
202,364

 
200,213

Residential Mortgages
79,319

 
87,388

Home Improvement and Home Equity loans
572

 
599

Total Real Estate Mortgage
282,255

 
288,200

Real Estate Construction and Development
124,749

 
130,687

Agricultural
58,432

 
56,918

Installment
49,333

 
44,949

Total Loans
$
567,240

 
$
569,759
Delinquent loans
The Company monitors delinquency and potential problem loans on an ongoing basis through weekly reports to the Loan Committee and monthly reports to the Board of Directors. The following is a summary of delinquent loans at June 30, 2017 (in 000's):
June 30, 2017
Loans
30-60 Days Past Due
 
Loans
61-89 Days Past Due
 
Loans
90 or More
Days Past Due
 
Total Past Due Loans
 
Current Loans
 
Total Loans
 
Accruing
Loans 90 or
More Days Past Due
Commercial and Business Loans
$
422

 
$
22

 
$
87

 
$
531

 
$
50,547

 
$
51,078

 
$
87

Government Program Loans
—

 
—

 
280

 
280

 
1,113

 
1,393

 
—

Total Commercial and Industrial
422

 
22

 
367

 
811

 
51,660

 
52,471

 
87

Commercial Real Estate Loans
—

 
—

 
—

 
—

 
202,364

 
202,364

 
—

Residential Mortgages
—

 
—

 
—

 
—

 
79,319

 
79,319

 
—

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
572

 
572

 
—

Total Real Estate Mortgage
—

 
—

 
—

 
—

 
282,255

 
282,255

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real Estate Construction and Development Loans
—

 
—

 
—

 
—

 
124,749

 
124,749

 
—

Agricultural Loans
—

 
—

 
—

 
—

 
58,432

 
58,432

 
—

Consumer Loans
—

 
—

 
—

 
—

 
49,146

 
49,146

 
—

Overdraft Protection Lines
—

 
—

 
—

 
—

 
46

 
46

 
—

Overdrafts
—

 
—

 
—

 
—

 
141

 
141

 
—

Total Installment
—

 
—

 
—

 
—

 
49,333

 
49,333

 
—

Total Loans
$
422

 
$
22

 
$
367

 
$
811

 
$
566,429

 
$
567,240

 
$
87


The following is a summary of delinquent loans at December 31, 2016 (in 000's):
December 31, 2016
Loans
30-60 Days Past Due
 
Loans
61-89 Days Past Due
 
Loans
90 or More
Days Past Due
 
Total Past Due Loans
 
Current Loans
 
Total Loans
 
Accruing
Loans 90 or
More Days Past Due
Commercial and Business Loans
$
—

 
$
432

 
$
—

 
$
432

 
$
47,032

 
$
47,464

 
$
—

Government Program Loans
—

 
—

 
290

 
290

 
1,251

 
1,541

 
—

Total Commercial and Industrial
—

 
432

 
290

 
722

 
48,283

 
49,005

 
—

Commercial Real Estate Loans
—

 
—

 
—

 
—

 
200,213

 
200,213

 
—

Residential Mortgages
—

 
—

 
—

 
—

 
87,388

 
87,388

 
—

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
599

 
599

 
—

Total Real Estate Mortgage
—

 
—

 
—

 
—

 
288,200

 
288,200

 
—

Real Estate Construction and Development Loans
166

 
—

 
1,250

 
1,416

 
129,271

 
130,687

 
1,250

Agricultural Loans
—

 
—

 
—

 
—

 
56,918

 
56,918

 
—

Consumer Loans
—

 
—

 
965

 
965

 
43,785

 
44,750

 
—

Overdraft Protection Lines
—

 
—

 
—

 
—

 
48

 
48

 
—

Overdrafts
—

 
—

 
—

 
—

 
151

 
151

 
—

Total Installment
—

 
—

 
965

 
965

 
43,984

 
44,949

 
—

Total Loans
$
166

 
$
432

 
$
2,505

 
$
3,103

 
$
566,656

 
$
569,759

 
$
1,250
Nonaccrual loan balances
The following is a summary of nonaccrual loan balances at June 30, 2017 and December 31, 2016 (in 000's).
 
June 30, 2017
 
December 31, 2016
Commercial and Business Loans
$
281

 
$
275

Government Program Loans
280

 
290

Total Commercial and Industrial
561

 
565

 
 
 
 
Commercial Real Estate Loans
473

 
1,126

Residential Mortgages
—

 
—

Home Improvement and Home Equity Loans
—

 
—

Total Real Estate Mortgage
473

 
1,126

 
 
 
 
Real Estate Construction and Development Loans
4,474

 
4,608

 Agricultural Loans
—

 
—

 
 
 
 
Consumer Loans
—

 
965

Overdraft Protection Lines
—

 
—

Overdrafts
—

 
—

Total Installment
—

 
965

Total Loans
$
5,508

 
$
7,264
Impaired loans
The following is a summary of impaired loans at June 30, 2017 (in 000's).
June 30, 2017
Unpaid
Contractual
Principal Balance
 
Recorded
Investment
With No Allowance (1)
 
Recorded
Investment
With Allowance (1)
 
Total
Recorded Investment
 
Related Allowance
 
Average
Recorded Investment (2)
 
Interest Recognized (2)
Commercial and Business Loans
$
3,934

 
$
595

 
$
3,355

 
$
3,950

 
$
693

 
$
4,315

 
$
132

Government Program Loans
395

 
337

 
59

 
396

 
18

 
366

 
12

Total Commercial and Industrial
4,329

 
932

 
3,414

 
4,346

 
711

 
4,681

 
144

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate Loans
1,062

 
—

 
1,066

 
1,066

 
216

 
1,204

 
44

Residential Mortgages
2,668

 
515

 
2,163

 
2,678

 
225

 
2,357

 
73

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

 
—

 
—

Total Real Estate Mortgage
3,730

 
515

 
3,229

 
3,744

 
441

 
3,561

 
117

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real Estate Construction and Development Loans
6,868

 
6,878

 
—

 
6,878

 
—

 
6,709

 
231

Agricultural Loans
1,050

 
—

 
1,056

 
1,056

 
793

 
874

 
54

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer Loans
—

 
—

 
—

 
—

 
—

 
643

 
—

Overdraft Protection Lines
—

 
—

 
—

 
—

 
—

 
—

 
—

Overdrafts
—

 
—

 
—

 
—

 
—

 
—

 
—

Total Installment
—

 
—

 
—

 
—

 
—

 
643

 
—

Total Impaired Loans
$
15,977

 
$
8,325

 
$
7,699

 
$
16,024

 
$
1,945

 
$
16,468

 
$
546


(1) The recorded investment in loans includes accrued interest receivable of $47,000.
(2) Information is based on the six month period ended June 30, 2017.    

The following is a summary of impaired loans at December 31, 2016 (in 000's).

December 31, 2016
Unpaid
Contractual
Principal Balance
 
Recorded
Investment
With No Allowance (1)
 
Recorded
Investment
With Allowance (1)
 
Total
Recorded Investment
 
Related Allowance
 
Average
Recorded Investment (2)
 
Interest Recognized (2)
Commercial and Business Loans
$
4,635

 
$
495

 
$
4,158

 
$
4,653

 
$
757

 
$
5,050

 
$
302

Government Program Loans
356

 
356

 
—

 
356

 
—

 
372

 
20

Total Commercial and Industrial
4,991

 
851

 
4,158

 
5,009

 
757

 
5,422

 
322

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate Loans
1,454

 
—

 
1,456

 
1,456

 
450

 
1,503

 
89

Residential Mortgages
2,467

 
526

 
1,949

 
2,475

 
153

 
2,874

 
138

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

 
—

 
—

Total Real Estate Mortgage
3,921

 
526

 
3,405

 
3,931

 
603

 
4,377

 
227

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real Estate Construction and Development Loans
6,267

 
6,274

 
—

 
6,274

 
—

 
8,794

 
361

Agricultural Loans
—

 
—

 
—

 
—

 
—

 
5

 
8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer Loans
965

 
965

 
—

 
965

 
—

 
968

 
35

Overdraft Protection Lines
—

 
—

 
—

 
—

 
—

 
—

 
—

Overdrafts
—

 
—

 
—

 
—

 
—

 
—

 
—

Total Installment
965

 
965

 
—

 
965

 
—

 
968

 
35

Total Impaired Loans
$
16,144

 
$
8,616

 
$
7,563

 
$
16,179

 
$
1,360

 
$
19,566

 
$
953



(1) The recorded investment in loans includes accrued interest receivable of $35,000.
(2) Information is based on the twelve month period ended December 31, 2016.
Troubled debt restructuring activity
The following tables illustrates TDR activity for the periods indicated:
 
Three Months Ended June 30, 2017
($ in 000's)
Number of
Contracts
 
Pre-
Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
Number of Contracts which Defaulted During Period
 
Recorded Investment on Defaulted TDRs
Troubled Debt Restructurings
 
 
 
 
 
 
 
 
 
Commercial and Business Loans
—

 
$
—

 
$
—

 
—

 
$
—

Government Program Loans
1

 
178

 
178

 
—

 
—

Commercial Real Estate Term Loans
—

 
—

 
—

 
—

 
—

Single Family Residential Loans
1

 
238

 
238

 
—

 
—

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

Real Estate Construction and Development Loans
—

 
—

 
—

 
—

 
—

Agricultural Loans
—

 
—

 
—

 
—

 
—

Consumer Loans
—

 
—

 
—

 
—

 
—

Overdraft Protection Lines
—

 
—

 
—

 
—

 
—

Total Loans
2

 
$
416

 
$
416

 
—

 
$
—



 
Six Months Ended June 30, 2017
($ in 000's)
Number of
Contracts
 
Pre-
Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
Number of Contracts which Defaulted During Period
 
Recorded Investment on Defaulted TDRs
Troubled Debt Restructurings
 
 
 
 
 
 
 
 
 
Commercial and Business Loans
1

 
$
69

 
$
69

 
—

 
$
—

Government Program Loans
1

 
178

 
178

 
—

 
—

Commercial Real Estate Term Loans
—

 
—

 
—

 
—

 
—

Single Family Residential Loans
1

 
238

 
238

 
—

 
—

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

Real Estate Construction and Development Loans
1

 
790

 
790

 
—

 
—

Agricultural Loans
1

 
850

 
850

 
—

 
—

Consumer Loans
—

 
—

 
—

 
—

 
—

Overdraft Protection Lines
—

 
—

 
—

 
—

 
—

Total Loans
5

 
$
2,125

 
$
2,125

 
—

 
$
—




 
Three Months Ended June 30, 2016
($ in 000's)
Number of
Contracts
 
Pre-
Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
Number of Contracts which Defaulted During Period
 
Recorded Investment on Defaulted TDRs
Troubled Debt Restructurings
 
 
 
 
 
 
 
 
 
Commercial and Business Loans
1

 
$
395

 
$
227

 
—

 
$
—

Government Program Loans
—

 
—

 
—

 
—

 
—

Commercial Real Estate Term Loans
—

 
—

 
—

 
—

 
—

Single Family Residential Loans
—

 
—

 
—

 
—

 
—

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

Real Estate Construction and Development Loans
—

 
—

 
—

 
—

 
—

Agricultural Loans
—

 
—

 
—

 
—

 
—

Consumer Loans
—

 
—

 
—

 
—

 
—

Overdraft Protection Lines
—

 
—

 
—

 
—

 
—

Total Loans
1

 
$
395

 
$
227

 
—

 
$
—


 
Six Months Ended June 30, 2016
($ in 000's)
Number of
Contracts
 
Pre-
Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
Number of Contracts which Defaulted During Period
 
Recorded Investment on Defaulted TDRs
Troubled Debt Restructurings
 
 
 
 
 
 
 
 
 
Commercial and Business Loans
4

 
$
1,021

 
$
749

 
—

 
$
—

Government Program Loans
1

 
100

 
100

 
—

 
—

Commercial Real Estate Term Loans
—

 
—

 
—

 
—

 
—

Single Family Residential Loans
—

 
—

 
—

 
—

 
—

Home Improvement and Home Equity Loans
—

 
—

 
—

 
—

 
—

Real Estate Construction and Development Loans
—

 
—

 
—

 
—

 
—

Agricultural Loans
—

 
—

 
—

 
—

 
—

Consumer Loans
—

 
—

 
—

 
—

 
—

Overdraft Protection Lines
—

 
—

 
—

 
—

 
—

Total Loans
5

 
$
1,121

 
$
849

 
—

 
$
—
TDR activity by loan category
The following tables summarize TDR activity by loan category for the six months ended June 30, 2017 and June 30, 2016 (in 000's).
Six Months Ended June 30, 2017
Commercial and Industrial
 
Commercial Real Estate
 
Residential Mortgages
 
Home Improvement and Home Equity
 
Real Estate Construction Development
 
Agricultural
 
Installment
& Other
 
Total
Beginning balance
$
1,356

 
$
1,454

 
$
2,368

 
$
—

 
$
6,267

 
$
—

 
$
965

 
$
12,410

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Defaults
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Additions
247

 
—

 
238

 
—

 
790

 
850

 
—

 
2,125

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal reductions
(548
)
 
(392
)
 
(33
)
 
—

 
(189
)
 
(450
)
 
(965
)
 
(2,577
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,055

 
$
1,062

 
$
2,573

 
$
—

 
$
6,868

 
$
400

 
$
—

 
$
11,958

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
36

 
$
216

 
$
207

 
$
—

 
$
—

 
$
203

 
$
—

 
$
662

Six Months Ended June 30, 2016
Commercial and Industrial
 
Commercial Real Estate
 
Residential Mortgages
 
Home Improvement and Home Equity
 
Real Estate Construction Development
 
Agricultural
 
Installment
& Other
 
Total
Beginning balance
$
898

 
$
1,243

 
$
3,533

 
$
—

 
$
12,168

 
$
16

 
$
650

 
$
18,508

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Defaults
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Additions
849

 
—

 
—

 
—

 
—

 
—

 
—

 
849

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal additions (reductions)
(511
)
 
267

 
(1,133
)
 
—

 
(68
)
 
(10
)
 
315

 
(1,140
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,236

 
$
1,510

 
$
2,400

 
$
—

 
$
12,100

 
$
6

 
$
965

 
$
18,217

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
43

 
$
493

 
$
186

 
$
—

 
$
—

 
$
—

 
$
596

 
$
1,318
Credit risk rating for commercial, construction and non-consumer related loans
The following tables summarize the credit risk ratings for commercial, construction, and other non-consumer related loans for June 30, 2017 and December 31, 2016:
 
Commercial and Industrial
 
Commercial Real Estate
 
Real Estate Construction and Development
 
Agricultural
 
Total
June 30, 2017
 
 
 
 
(in 000's)
 
 
 
 
Grades 1 and 2
$
324

 
$
2,986

 
$
—

 
$
50

 
$
3,360

Grade 3
9,289

 
5,661

 
—

 
—

 
14,950

Grades 4 and 5 – pass
35,867

 
184,036

 
104,232

 
55,858

 
379,993

Grade 6 – special mention
3,150

 
9,208

 
1,932

 
1,024

 
15,314

Grade 7 – substandard
3,841

 
473

 
18,585

 
1,500

 
24,399

Grade 8 – doubtful
—

 
—

 
—

 
—

 
—

Total
$
52,471

 
$
202,364

 
$
124,749

 
$
58,432

 
$
438,016

 
Commercial and Industrial
 
Commercial Real Estate
 
Real Estate Construction and Development
 
Agricultural
 
Total
December 31, 2016
 
 
 
 
(in 000's)
 
 
 
 
Grades 1 and 2
$
340

 
$
—

 
$
—

 
$
75

 
$
415

Grade 3
4,823

 
5,767

 
—

 
—

 
10,590

Grades 4 and 5 – pass
34,921

 
192,699

 
110,992

 
56,843

 
395,455

Grade 6 – special mention
4,416

 
621

 
928

 
—

 
5,965

Grade 7 – substandard
4,505

 
1,126

 
18,767

 
—

 
24,398

Grade 8 – doubtful
—

 
—

 
—

 
—

 
—

Total
$
49,005

 
$
200,213

 
$
130,687

 
$
56,918

 
$
436,823
Credit risk ratings for consumer related loans and other homogenous loans
The following tables summarize the credit risk ratings for consumer related loans and other homogeneous loans for June 30, 2017 and December 31, 2016:
 
June 30, 2017
 
December 31, 2016
 
Residential Mortgages
 
Home
Improvement and Home Equity
 
Installment
 
Total
 
Residential Mortgages
 
Home
Improvement and Home Equity
 
Installment
 
Total
(in 000's)
 
 
 
 
 
 
 
Not graded
$
62,785

 
$
547

 
$
46,591

 
$
109,923

 
$
69,955

 
$
573

 
$
41,855

 
$
112,383

Pass
15,906

 
25

 
2,735

 
18,666

 
15,669

 
26

 
2,120

 
17,815

Special Mention
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Substandard
628

 
—

 
7

 
635

 
1,764

 
—

 
9

 
1,773

Doubtful
—

 
—

 
—

 
—

 
—

 
—

 
965

 
965

Total
$
79,319

 
$
572

 
$
49,333

 
$
129,224

 
$
87,388

 
$
599

 
$
44,949

 
$
132,936
Allowance for credit loses by loan category
The following summarizes the activity in the allowance for credit losses by loan category for the quarters ended June 30, 2017 and 2016 (in 000's).

Three Months Ended
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction Development
 
 Agricultural
 
Installment & Other
 
 Unallocated
 
Total
June 30, 2017
 
 
 
 
 
 
Beginning balance
$
1,781

 
$
1,285

 
$
3,096

 
$
1,097

 
$
848

 
$
841

 
$
8,948

Provision (recovery of provision) for credit losses
(72
)
 
(118
)
 
(209
)
 
492

 
(87
)
 
(58
)
 
(52
)
 


 


 


 


 


 


 
 
Charge-offs
(98
)
 
—

 
—

 
—

 
—

 
(5
)
 
(103
)
Recoveries
154

 
7

 
—

 
—

 
53

 
—

 
214

Net charge-offs
56

 
7

 
—

 
—

 
53

 
(5
)
 
111

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,765

 
$
1,174

 
$
2,887

 
$
1,589

 
$
814

 
$
778

 
$
9,007

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
711

 
441

 
—

 
793

 
—

 
—

 
1,945

Loans collectively evaluated for impairment
1,054

 
733

 
2,887

 
796

 
814

 
778

 
7,062

Ending balance
$
1,765

 
$
1,174

 
$
2,887

 
$
1,589

 
$
814

 
$
778

 
$
9,007


Three Months Ended
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction Development
 
 Agricultural
 
Installment & Other
 
 Unallocated
 
Total
June 30, 2016
 
 
 
 
 
 
Beginning balance
$
2,313

 
$
1,459

 
$
3,273

 
$
545

 
$
1,237

 
$
892

 
$
9,719

Provision (recovery of provision) for credit losses
193

 
200

 
182

 
9

 
(20
)
 
(552
)
 
12

 


 


 


 


 


 


 
 
Charge-offs
(839
)
 
—

 
—

 
—

 
—

 
(9
)
 
(848
)
Recoveries
18

 
6

 
—

 
—

 
2

 
—

 
26

Net charge-offs
(821
)
 
6

 
0

 
0

 
2

 
(9
)
 
(822
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,685

 
$
1,665

 
$
3,455

 
$
554

 
$
1,219

 
$
331

 
$
8,909

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
497

 
686

 
—

 
—

 
596

 
—

 
1,779

Loans collectively evaluated for impairment
1,188

 
979

 
3,455

 
554

 
623

 
331

 
7,130

Ending balance
$
1,685

 
$
1,665

 
$
3,455

 
$
554

 
$
1,219

 
$
331

 
$
8,909


The following summarizes the activity in the allowance for credit losses by loan category for the six months ended June 30, 2017 and 2016 (in 000's).
Six Months Ended
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction Development
 
 Agricultural
 
Installment & Other
 
 Unallocated
 
Total
June 30, 2017
 
 
 
 
 
 
Beginning balance
$
1,843

 
$
1,430

 
$
3,378

 
$
666

 
$
888

 
$
697

 
$
8,902

Provision (recovery of provision) for credit losses
(137
)
 
(268
)
 
(491
)
 
902

 
(128
)
 
91

 
(31
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
(105
)
 
(2
)
 
—

 
—

 
—

 
(10
)
 
(117
)
Recoveries
164

 
14

 
—

 
21

 
54

 
—

 
253

Net recoveries
59

 
12

 
—

 
21

 
54

 
(10
)
 
136

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,765

 
$
1,174

 
$
2,887

 
$
1,589

 
$
814

 
$
778

 
$
9,007

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
711

 
441

 
—

 
793

 
—

 
—

 
1,945

Loans collectively evaluated for impairment
1,054

 
733

 
2,887

 
796

 
814

 
778

 
7,062

Ending balance
$
1,765

 
$
1,174

 
$
2,887

 
$
1,589

 
$
814

 
$
778

 
$
9,007


Six Months Ended
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction Development
 
 Agricultural
 
Installment & Other
 
 Unallocated
 
Total
June 30, 2016
 
 
 
 
 
 
Beginning balance
$
1,652

 
$
1,449

 
$
4,629

 
$
655

 
$
1,258

 
$
70

 
$
9,713

Provision (recovery of provision) for credit losses
837

 
225

 
(1,204
)
 
(101
)
 
(44
)
 
277

 
(10
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
(842
)
 
(22
)
 
—

 
—

 
—

 
(16
)
 
(880
)
Recoveries
38

 
13

 
30

 
—

 
5

 
—

 
86

Net charge-offs
(804
)
 
(9
)
 
30

 
—

 
5

 
(16
)
 
(794
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,685

 
$
1,665

 
$
3,455

 
$
554

 
$
1,219

 
$
331

 
$
8,909

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
497

 
686

 
—

 
—

 
596

 
—

 
1,779

Loans collectively evaluated for impairment
1,188

 
979

 
3,455

 
554

 
623

 
331

 
7,130

Ending balance
$
1,685

 
$
1,665

 
$
3,455

 
$
554

 
$
1,219

 
$
331

 
$
8,909
Summarized loan balances
The following summarizes information with respect to the loan balances at June 30, 2017 and 2016.
 
June 30, 2017
 
June 30, 2016
 
Loans
Individually
Evaluated for Impairment
 
Loans
Collectively
Evaluated for Impairment
 
Total Loans
 
Loans
Individually
Evaluated for Impairment
 
Loans
Collectively
Evaluated for Impairment
 
Total Loans
(in 000's)
 
 
 
 
 
Commercial and Business Loans
$
3,950

 
$
47,128

 
$
51,078

 
$
5,101

 
$
52,404

 
$
57,505

Government Program Loans
396

 
997

 
1,393

 
365

 
1,612

 
1,977

Total Commercial and Industrial
4,346

 
48,125

 
52,471

 
5,466

 
54,016

 
59,482

 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate Loans
1,066

 
201,298

 
202,364

 
1,511

 
179,983

 
181,494

Residential Mortgage Loans
2,678

 
76,641

 
79,319

 
2,961

 
98,339

 
101,300

Home Improvement and Home Equity Loans
—

 
572

 
572

 
—

 
760

 
760

Total Real Estate Mortgage
3,744

 
278,511

 
282,255

 
4,472

 
279,082

 
283,554

 
 
 
 
 
 
 
 
 
 
 
 
Real Estate Construction and Development Loans
6,878

 
117,871

 
124,749

 
12,131

 
126,043

 
138,174

 
 
 
 
 
 
 
 
 
 
 
 
Agricultural Loans
1,056

 
57,376

 
58,432

 
6

 
46,757

 
46,763

 
 
 
 
 
 
 
 
 
 
 
 
Installment Loans
—

 
49,333

 
49,333

 
965

 
28,271

 
29,236

 
 
 
 
 
 
 
 
 
 
 
 
Total Loans
$
16,024

 
$
551,216

 
$
567,240

 
$
23,040

 
$
534,169

 
$
557,209